Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/19223
Title: Assessing the impact of the European fiscal compact on Eurozone Mediterranean States (with a focus on Malta)
Authors: von Brockdorff, Philip
Falzon, Joseph
Keywords: Fiscal policy -- Malta
Eurozone -- Economic policy -- Mediterranean Region
Budget deficits
Issue Date: 2014
Publisher: MCSER Publishing
Citation: Von Brockdorff, P., & Falzon, J. (2014). Assessing the impact of the European fiscal compact on Eurozone Mediterranean States (with a focus on Malta). Mediterranean Journal of Social Sciences, 5(14), 11-17.
Abstract: The paper assesses the impact of the European Fiscal Compact on Eurozone Mediterranean States with a focus on Malta by estimating deviations between potential and actual GDP for the Maltese economy, comparing the cyclical components of public revenues and expenditure, and estimating the cyclically adjusted deficit in excess of the requirement of 0.5 per cent structural deficit. A discussion on the structural nature of Malta’s budget deficit ensues. Finally, by comparing public debt ratios of the selected States, the paper examines the policy implications of reducing the budget deficit for the Maltese Islands.
URI: https://www.um.edu.mt/library/oar//handle/123456789/19223
ISSN: 10.5901/mjss.2014.v5n14p11
Appears in Collections:Scholarly Works - FacEMABF

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